Joint News Release
BASF to enter medical foods market in the US with DIEM Labs
ANN ARBOR, MI, and FLORHAM PARK, NJ, November 3, 2017 – BASF Corporation and DIEM Labs, LLC, a have entered into a distribution agreement to commercialize BASF’s first U.S. medical food product for the dietary management of patients with Non-Alcoholic Fatty Liver Disease (NAFLD).
Rising NAFLD rates present a looming large-scale health challenge in America
NAFLD is defined as fat accumulated in the liver, representing more than 5 percent of its weight. This condition has an estimated prevalence of 20 to 30 percent in the western population, and is closely linked to obesity and metabolic syndrome. Diagnosis often starts with abnormal liver function test results or detection of hepatic steatosis during incidental imaging. If the condition is not managed, it can progress to more severe liver damage such as fibrosis and cirrhosis. By managing the condition at an early stage, called “simple steatosis,” the disease can be controlled. Currently, there is no dedicated product available on the market specifically targeting patients with NAFLD, and patients are left with no solution to improve their condition other than undergo extensive lifestyle changes.
BASF acknowledged the significant unmet need and developed a new medical food product for the dietary management of patients with NAFLD. A product-specific human intervention trial including more than 170 patients has been conducted by BASF to show that the product is effective and safe in the dietary management of patients with NAFLD. The to-be-launched product will therefore add to the current standard of care for NAFLD. It is anticipated that it will be commercially available throughout the U.S. in the first half of 2018.
Growing relevance of the space between human nutrition and pharma
Specially formulated foods are increasingly used as part of the overall management regimen for certain diseases or associated conditions and play a vital role in supporting a patient’s nutrient requirements.
“With this step, BASF is entering an attractive new market segment in the space between human nutrition and pharma,” said François Scheffler, head of BASF’s Global Human Nutrition and Pharma Solutions Businesses. “This further supports our mission to enable people to live a healthy and fulfilling life.”
“We are delighted to work together with such a renowned company as BASF in the medical foods market,” said Cai Berg, CEO of DIEM labs. “The new product will offer a solution to patients who currently have no other alternative than lifestyle modifications to turn their NAFLD around.”
BASF, one of the market leaders in the human nutrition industry, offers a broad portfolio of essential nutrients under the Newtrition® brand. With extensive experience in both the nutrition and pharma industry, BASF uses its capabilities and competencies to offer new solutions for emerging health issues.
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has nearly 17,500 employees in North America, and had sales of $16.2 billion in 2016. For more information about BASF’s North American operations, visit www.basf.com.
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. The approximately 114,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of about €58 billion in 2016. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at www.basf.com.
About DIEM Labs
Diem Labs is a specialized medical food company committed to providing clinicians and consumers with clinically validated solutions for underserved and emerging health conditions. Formed by an international partnership of scientists, producers, and veterans of the US healthcare industry, Diem Labs is driven to supply safe and effective nutritional products that are supported by rigorous scientific evidence and meet the highest quality standards. Diem Labs’ directors bring over 60 years of combined experience serving practitioners and patients through physician-direct and consumer-direct channels. Through strategic partnerships and proprietary development expertise, Diem Labs is dedicated to providing healthcare practitioners, patients and consumers with exclusive, effective solutions that address common challenges not met by products currently available in the healthcare marketplace. Further information at www.diemlabsllc.com.